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FX.co ★ USD/CAD analysis for February 14, 2022 - Strong rejection of key pivot at 115.00

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Forex Analysis:::2022-02-14T13:39:40

USD/CAD analysis for February 14, 2022 - Strong rejection of key pivot at 115.00

Technical analysis:

USD/CAD analysis for February 14, 2022 - Strong rejection of key pivot at 115.00

USD/JPY has been trading downside today but I found strong rejection of swing low at 115,00, which is sign for further potential rally towards upper references.

Trading recommendation:

Due to strong rejection of the key support at the price of 115,00, I see potential for the higher prices.

Watch for buying opportunities with the upside objectives at 116,10 and 116,30.

Short-term trend is still upside with higher lows in the background

Analyst InstaForex
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